(BFM Bourse) – Demand was strong for the partial IPO of Athens airport, which raised 785 million euros.
The IPO of 30% of the capital of Athens International Airport (AIA), the largest in Greece, raised 785 million euros, reflecting “strong” demand, announced the Greek Finance Minister Kostis Hatzidakis on Friday.
The operation, which began on January 25, was oversubscribed twelve times, he underlined in a press release.
Eleftherios Venizelos Airport, for its part, indicated that the final IPO price was set at 8.20 euros per share, at the top of the range initially announced, which represents a market capitalization of 2.46 billion euros. . Demand exceeded 8.6 billion euros for securities whose first day of trading is set for February 7.
28 million passengers in 2023
Athens Airport welcomed more than 28 million passengers in 2023, including many tourists, and exceeded the previous passenger traffic record of 2019 by 10.2%, “demonstrating its ability to bounce back from the Covid pandemic -19,” according to the AIA.
Greece has embarked on the sale of numerous public stakes since the serious economic and social crisis which shook it between 2009 and 2018 and intends to raise 5.77 billion euros via privatizations in 2024.
“Through these initiatives, the foundations are being laid for attracting even more investments and for dynamic growth,” said Kostis Hatzidakis.
(With AFP)
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